In recent days, the precious metals market has experienced significant turbulence. Gold prices plummeted by $246 in a single day, and futures gold fell by over $260. Behind this is a market-shaking news: a major American bank faced a huge loss on silver short positions and was unable to meet the $2.3 billion margin call on time, prompting regulatory authorities to intervene urgently. The Federal Reserve immediately injected $34 billion in liquidity to stop the loss, marking the second rescue operation within half a month.

Panic quickly spread, and the precious metals sector along with mining stocks declined across the board. Interestingly, the price gap between New York "paper silver" and physical silver in Shanghai and Dubai has widened to the highest level in decades—indicating that physical silver is quietly being shipped eastward, and the pricing power of Europe and America is being eroded.

These series of events reflect a subtle shift in market sentiment. As traditional financial systems flicker with red flags, more and more participants are seriously considering: where should my assets be allocated? Assets priced by the market and not subject to unilateral manipulation are becoming increasingly attractive. Bitcoin, due to its scarcity and decentralization, is regaining attention, while the RWA (Real-World Asset) sector, with its potential for physical asset mapping, is attracting capital seeking transparency and autonomy.

Bank crises, Federal Reserve bailouts, physical asset migration—these signals all point in the same direction: cracks are widening in the old system. At such a moment, should we continue to trust the constantly "patched" traditional system, or shift towards a more autonomous and transparent digital asset ecosystem? This is a question worth everyone’s serious consideration.